Several cryptocurrencies are taking on a bullish trajectory in July 2023. While a $2.4 million private seed sale has propelled VC Spectra (SPCT) growth, other tokens like Shiba Inu (SHIB) and Decentraland (MANA) face uncertainty amidst price downturns. Following VC Spectra’s initial success in the crypto market, experts expect this new hot token to gain massively in the coming months.
VC Spectra Flies Higher Than Its Predecessors
VC Spectra (SPCT) is a decentralized hedge fund aimed at driving strategic investments and bringing innovation to the blockchain and fintech industries. The VC Spectra (SPCT) platform offers its holders quarterly rewards and profits from buybacks of profitable blockchain ventures.
By leveraging AI and innovative technologies, VC Spectra (SPCT) is able to spot the best crypto investment opportunities and get in earlier than anyone else. Right now, VC Spectra (SPCT) is in its early stages, and investors are impressed with the utility of this token.
VC Spectra (SPCT) is currently in its public presale phase, with the token trading at $0.008. When the first presale is concluded, SPCT will rise to $0.011, representing a 37.5% increase. Given its price projection, the token will trade at a price of $0.08 when it finally hits the market. That’s a 900% increase from its initial price.
Shiba Inu (SHIB) Suffers a Setback
The announcement of the launch of Shiba Inu (SHIB) Layer-2 blockchain Shibarium in January is a testament to the team’s vision to transform the coin into a utility-based ecosystem. The announcement of this new innovation boosted SHIB’s performance in the crypto market for January/February 2023.
However, uncertainty still surrounds the actual launch of Shibarium for Shiba Inu (SHIB) users. The recent price movements of Shiba Inu (SHIB) serve as evidence of this uncertainty. As of this writing, Shiba Inu (SHIB) trades at $0.00007284, down by 10% in the last 30 days.
Crypto investors hope for a Shiba Inu (SHIB) rebound, especially after the recent statements by Shytoshi Kusama, the lead developer of Shiba Inu (SHIB). Kusama outlined the new objectives of the Shiba Inu (SHIB) ecosystem and hinted at the official launch of its Layer-2 network later this year in Toronto, Canada.
Decentraland (MANA) Continues Its Bearish Trend
Experts attribute the downturn in Decentraland (MANA) price to the United States SEC’s recent lawsuit, where the commission labeled Decentraland (MANA) as an unregistered security. This action triggered a price dip that took Decentraland (MANA) from trading at $0.4611 in early June to $0.3341 just 10 days later.
Even though the token is slowly recovering, the bears continue to control Decentraland (MANA). Decentraland (MANA) is currently trading at $0.379 a month later, and this indicates that investors are not really interested in the token. In addition, most high-utility tokens surged on Monday, 3 July 2023, but Decentraland (MANA) was noticeably quiet.
Given Decentraland’s (MANA) recent legal challenges and ongoing bearish trend, experts suggest that while the current price level could present a buying opportunity, a significant bull run might be unlikely without a resolution to its current issues.
Learn more about the VC Spectra (SPCT) presale here:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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